💼 Bank of New York Mellon noted #BTC #ETFs from #BlackRock and #Grayscale in its asset statement

Exactly as expected — institutions are starting to actively utilize this instrument 🪙

📉 The volume of Hong Kong cryptocurrency #ETFs turned out to be 268 times lower compared to American ones

Bloomberg analyst Eric Balchunas referred to ETFs in Hong Kong as "child's play" compared to trading by heavyweight financial players in the US, such as BlackRock, Fidelity, and Grayscale.

In total, Hong Kong funds manage around 4 000 bitcoins, whereas the assets of just the #BlackRock ETF alone amount to over 270 000 coins 💧